A delegation from Southern India Mills’ Association (SIMA) consisting of M. Senthilkumar, Deputy Chairman, SIMA, S.V. Arumugam, immediate past Chairman, Confederation of Indian Textile Industry (CITI) and past Chairman of SIMA and also Dr. K Selvaraju, Secretary General of the Association met Santosh Kumar Gangwar, Union Minister of State for Textile, to discuss a slew of measures in the post-budget announcements. T.Rajkumar, Chairman, SIMA has stated that the industry demanded for an allocation of Rs. 3,500 crore for the ongoing TUF schemes to meet the liabilities of the last three quarters of 2014-15 and also for the entire period of 2015-16 But the Union Budget allocated only Rs. 1,520 crore, which may not meet the fund requirement for even 2014-15. After hearing the concerns of the delegation, the Textile Minister assured them to take up the matter with the Commerce and Finance Ministries to do the needful.
Bharat Tex Special Report 2026 
